Two-Family Victorian
For Sale
$1,589,000
1322 New York Avenue, Brooklyn, NY 11203
MULTI_FAMILY - Brooklyn, NY
Property Size1,848 SF
Lot Size0.09 Acres
Price / SF$859.85
Days on Market214
Property Features for 1322 New York Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Interior features
Microwave, Refrigerator, Stove
Basement
Finished
Subdivision
East Flatbush
Standard status
Active
Size
1,848 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6760
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Ceramic, Carpet, Tile
Building materials
Wood Frame
Roof type
Flat
Architectural style
Victorian
Listing Agency:
Century 21 Achievers
(718) 758-0600
Listed By:
Troy A Sadio
(718) 758-0600
Added: Dec 31, 2025
Changed: Jul 30
Last Checked: Aug 2 at 11:06PM
MLS# 498082
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two-family Victorian wood-frame home with a finished basement and hardwood, ceramic, carpet, and tile flooring. The property includes two bathrooms and five bedrooms across the layout, along with in-unit appliances such as a microwave, refrigerator, and stove. The roof is flat, and the home was built in 1910.
Set on an oversize lot totaling 0.0941 acres, the property provides parking for up to six cars. The listing notes the home is in excellent condition.
With the finished basement and on-site parking, the residence is set up for comfortable day-to-day living within a compact, R6-zoned lot configuration.
Set on an oversize lot totaling 0.0941 acres, the property provides parking for up to six cars. The listing notes the home is in excellent condition.
With the finished basement and on-site parking, the residence is set up for comfortable day-to-day living within a compact, R6-zoned lot configuration.
Key Highlights
- Two‑family Victorian wood‑frame home with finished basement
- R6 zoning
- Built in 1910 with flat roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.2k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $92.5k | $50.03 |
| − OpEx | −$27.7k | −$15.01 |
| NOI | $64.7k | $35.02 |
1,848 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$924.6K
$809.0K – $1.08M
NOI $64,720 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$806.0K
$705.2K – $940.3K
NOI $56,418 @ 7.0% cap · market cap 3.55%
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,110 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R6-zoned two-family on a small lot in East Flatbush, built in 1910 with a finished basement and parking.
Where is this duplex located?
The property is located at 1322 New York Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,589,000.
What are key features of this property?
This property features: Two‑family Victorian wood‑frame home with finished basement; R6 zoning; Built in 1910 with flat roof
